Utilidad de la divulgación del modelo de negocio para los criterios de inversores en entidades financieras. Un estudio europeo

The usefulness of the business model disclosure for investors’ judgements in financial entities. A European study


  • Alessandro Mechelli University of Tuscia – Viterbo, Italy
  • Riccardo Cimini University of Tuscia – Viterbo, Italy https://orcid.org/0000-0001-5056-1322
  • Francesca Mazzocchetti University of Roma Tor Vergata, Italy
DOI: https://doi.org/10.1016/j.rcsar.2016.03.002
Palabras clave: Modelo de negocio, Importancia al valor, Entidades financieras, Modelo de Ohlson, Unión Europea


El concepto de modelo de negocio es un tema de estudio frecuente en distintos campos de la investigación. Para participar en el debate en torno a dicho concepto en el ámbito de la contabilidad, el objetivo del presente artículo es mostrar si es posible y cómo la divulgación de los macrocomponentes no obligatorios de la IASB (2010), que consideramos elementos clave de un modelo de negocio para las entidades financieras, aumenta el valor de relevancia de las cantidades contables. Por medio del análisis de una muestra de 124 entidades financieras europeas en el periodo 2010-2013, el estudio muestra que la importancia al valor de las cantidades contables de las entidades que divulgan ampliamente su modelo de negocio es mayor que el de las entidades con una divulgación limitada de su modelo de negocio. Estos hallazgos no solo arrojan luz sobre la importancia de transmitir información relacionada con el modelo de negocio de cara a una mejora de la utilidad de los valores contables para las estrategias de los inversores, sino que tiene una implicación para los supervisores y organismos de normalización que podrían, a tenor de estos resultados, aprovechar la oportunidad de convertir la divulgación de la IASB (2010) en obligatoria para todas las entidades que cumplan con las normas IAS/IFRS.


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Cómo citar
Mechelli, A., Cimini, R., & Mazzocchetti, F. (2017). Utilidad de la divulgación del modelo de negocio para los criterios de inversores en entidades financieras. Un estudio europeo: The usefulness of the business model disclosure for investors’ judgements in financial entities. A European study. Revista de Contabilidad - Spanish Accounting Review, 20(1), 1–12. https://doi.org/10.1016/j.rcsar.2016.03.002